Business

Await approval of long-delayed, incentive-laden new oil refining policy

It will give more time to states for shifting energy supplies

Exports growing on back of second phase of FTA, deepening cooperation

The move is largely symbolic given Taiwan’s minimal levels of direct trade with Belarus or Russia

Show optimism new SBP chief will take business community’s feedback soon

Decrease comes on back of external debt payments

Businessmen call for utilising domestic resources to run economy

Wide gap pushes govt to search for dollars amid reluctance to take tough decisions

Absence of new packages from friendly countries exerted pressure on currency

Says banks/ MFBs may prescribe business hours as per their requirements

Set to increase for another week on supply concerns

Decrease comes on back of external debt payments

Benchmark KSE-100 index sheds 408.60 points to settle at 44,840.81

Home offices eroding some of climate benefit of abandoned commutes

Lawmakers worry about rising inflation driven in part by gasoline prices

EU imports crude oil, refined products from Russia to fuel industries, passenger vehicles

Expectations of hawkish Fed policy, concerns over China’s lockdowns sparked foreign selling

OPEC, allies agree to another modest monthly oil output increase

Recommends drastic steps for curbing budget, current account deficits

US rate hike, rising global oil prices to pull down rupee, increase import bill

Finance minister says treasury stands to incur Rs102 billion loss every month due to current petrol price

Ex-IMF official Dr Murtaza to take over as SBP head till govt decides on new governor

Vast scope of foreign investment exists in Pakistan, says official

Two European Union diplomats earlier said the bloc is leaning towards a ban on imports of Russian oil

Official foresees bleak global outlook; countries in region to suffer

Countries looking for new suppliers to help break dependence on Russian gas

Brent crude futures drop $3.23, or 3%, to $103.91 a barrel

Scheme set to be completed by mid of next year

Euro dips after survey showed weak eurozone manufacturing output data

Russia’s invasion of Ukraine, coupled with renewed Covid-19 related lockdowns in China, has exacerbated supply chain

Vestas posted a deep first-quarter loss and slashed its 2022 margin forecast

Current level at 96.84 to encourage exports, discourage imports

Believe it will accelerate trade activities, restore investor confidence

Country plans to grow olive trees on large scale to meet edible oil demand, cut trade deficit

Total subsidy impact is estimated at Rs90 billion for May

PRA has so far received tax revenue of over Rs138.7 billion

Govt fixes minimum wage at Rs28,000

MOIT&T urges SBP to review its decision for consumers’ benefit, network expansion

This is highest rate recorded since Jan 2020

It is high time all political parties reach consensus on economic policy roadmap

Most immediate task is to identify potential for ramping up oil, gas production

Exchange rate, fiscal policies must be on top priority as both need stability

It is necessary to learn from history and not plunge into chronic debt crisis

Threat of agri-land diversion to solar can be avoided by such farming

The SBP has injected $1.2 billion into the inter-bank market

Carmaker uses gas plants for heat to run paint shops

Airbus plans to raise production of narrow body A320-family jets to 65 a month

Halts passenger trains to free up track to move coal

Authorities urge to resume work while complying with tough Covid-19 curbs

Asks banking giant to separate Asia operations where it makes most of money